Latest Realty News

DELHI: Investment inreal estate in the long term is always rewarding. Among all the asset classes, the long-term real returns from real estate are the highest. But for this, one must find out the right areas to invest. In the Delhi NCR, there are a number of pockets, where the return can be very good.

DELHI: In pursuance of this, 18 appeals were filed before the SC, invoking application of the clause. In all of these, five or more years had passed since the acquisition award under section 11 of the Land Acquisition Act, 1894, and the applicants/petitioners had refused to accept the compensation. Given the new rights in the legislation, allowing pending litigation to be reviewed and retrospectively annulled, these parties approached the SC.

DELHI: Mohan Nagar in Ghaziabad is registering aggressive real estate activity owing to the affordable housing options that developers are providing here. Thousands of people who are denied a chance of owning a house in plush locations of the NCR like Delhi, Noida, and Gurgaon are seeking out projects in this area.

DELHI: After an in principle approval of mixed land use policy for specific areas within industrial and residential sectors in November last year, Noida Authority on February 6 held a meeting with residents and entrepreneurs to discuss the issue.

DELHI: Ghaziabad is going through a phase of rapid economic growth with huge investments being made in various sectors. Ghaziabad is being touted as one of the fastest growing cities in India with its thriving real estate market being a prime attraction.

NOIDA: Ajnara India Ltd, a major realty player has launched its much awaited and one of the most luxurious residential project in sector-118, Noida. Ajnara India Ltd is one of the largest realty companies in NCR with over 50 delivered projects and over 10 ongoing projects, many of which are near to possession. The new project, Ajnara Ambrosia is a theme based project which is being designed to give it’s the buyers the feel of ‘Spanish luxury’.

DELHI: In a recent hearing in the land-acquisition case pertaining to Greater Noida West (formerly Noida Extension)—comprising villages like Patwari, Bisrakh, Khairpur, Roja, Itehda, Haibatpur, Saini and others—the Supreme Court has directed the protesting farmers to file their counter-affidavit within three weeks with regard to their objections to the compensation formula worked out between them, the developers and builders, and the Greater Noida Industrial Development Authority (GNIDA).

DELHI: The real estate potential of about 70,000 acres in outer Delhi locations like Mehrauli, Bijwasan, Chhatarpur and Ghitorni came one step closer to realization with DDA board of directors approving draft regulations of land pooling policy in their last meeting.

DELHI: The skyline of Greater Noida West, formerly known as Noida Extension, has changed drastically and is now adorned with residentialproperty units—from imposing highrise projects to neat and well-laid out low-rise structures—projected to house nearly 10 lakh people in the near future.

DELHI: The Noida Authority, one of the richest civic bodies in the country, plans to draft a budget of Rs 8,000 crore for the financial year 2014-15 with various infrastructure projects, including the setting up of the Noida Metro Rail Corporation (NMRC).

DELHI: Noida-Greater Noida Expressway, which further connects to the 165km-long Yamuna Expressway, is still a favourite destination for commercial realty projects. Improving infrastructural development and fast connectivity offer great scope for real estate development here and the area is coming alive with luxury hotels, office space, retail outlets, and shopping malls.

DELHI: The government on January 20 approved an investment of over Rs 1,700 crore in creating trunk infrastructure such as roads, bus rapid transit system and telecom and IT infrastructure for an industrial township, in an attempt to leverage it to attract private investment of over Rs 33,000 crore near the town in Uttar Pradesh where development has slowed down with attention diverted to the Yamuna Expressway.

DELHI: Villagers objecting to the acquisition of 700 acres of land in Gurgaon by the state government last December were on 16 January assured that they would be compensated according to provisions of the new Land Acquisition, Rehabilitation and Resettlement Act 2013. The new law came into force on January 1, 2014.

DELHI: The MCG House meeting on 15 January discussed a proposal wherein plots whose size is less than 100 sq m will also get their building plans sanctioned. At present, the building plans of only those plots which are above 100 sq m are approved by the MCG.

DELHI: In what will give a boost to construction activity in NCR, particularly Gurgaon, the Haryana government has decided to allow mixed land use in commercial zones notified in the master plan. The government’s move will allow realtors to build residential properties in commercial complexes.

DELHI: Manoj Pradhan, who is set to retire in five years, has two properties. Since he has taken a home loan, one of these is mortgaged with the bank. He gets a concessional rate as he is a bank employee and hasn't prepaid the loan. He is banking on his pension, rent and investment returns for post-retirement needs. He isn't sure if he should repay the loan before he retires or allow it to continue. He needs help in taking the decision.

DELHI: Affordability is the need of the hour. However, with an increase in the cost of material and high land prices, many developers have already voiced their concern over offering affordable homes. Thus, going ahead, the real estate scenario may best be described in one word – ‘unaffordable’. This is applicable for commercial as well as residential properties. This scenario is giving a push to rental markets in the country and opening up broad vistas for people who cannot afford to buy their o

DELHI: Despite odds, the Delhi NCR’s commercial realty market is still considered as one of the most favourable investment destinations. This owes a lot to the political heft that Delhi commands—being the national capital, the city houses the headquarters of major political parties, as well as all administrative offices. Naturally, this attracts corporates wanting to be in close proximity to the bureaucrats and other decision makers.

DELHI: “Conservation zones” in the national capital region, including the eco-sensitive Aravalis, Yamuna riverbed and areas around major water bodies, have been the main targets of Real Estate developers who sought the lifting of restrictions on “recreational activities” put in place by state government tourism policies. In a concerted approach, they appealed to the NCR Planning Board (NCRPB) to, in fact, include tourism projects under the “recreational” category.

MUMBAI: As a consequence of India’s retail transformation, the country has seen a substantial increase in mall space over the years. However, out of the hundreds of shopping centres operational today, only a few can be counted as genuinely successful.